Key inflation measure falls in September ...Middle East

The Hill - News
Key inflation measure falls in September
A key inflation measure monitored by the Federal Reserve rose in September, according to new data reported by the Commerce Department on Friday.  The “core” personal consumption expenditures (PCE) price index rose  0.3 percent in September, dipping slightly to 3.7 percent annual rate, down from 3.9 percent in August.  That's the lowest point since May 2021. The latest inflation data comes as the Fed is set to meet next week to discuss further interest rate hikes. The central bank has repeatedly raised rates over the last year-and-a-half in an effort to tame stubbornly high inflation and slow a surprisingly resilient economy. The U.S. economy exceeded expectations once again in

Hence then, the article about key inflation measure falls in september was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Key inflation measure falls in September )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News